Summerfields East

What Summerfields East's governing documents say

This document is a deed restriction recorded against a single property (4805 Thistledown Dr.) in the Summerfields East subdivision, created under the Federal Home Loan Bank of Dallas's Homebuyer Equity Leverage Partnership Program. It imposes affordability restrictions on the property for a retention period due to a direct subsidy (up to $8,000) used in its purchase or construction. These restrictions run with the land and bind current and future owners. This is not a full HOA rulebook; it covers only the subsidy-related covenants for that specific lot.

• Affordability / Subsidy: A direct subsidy of up to $8,000 was provided to the owner; the property is subject to deed restrictions designed to maintain affordability for a defined retention period.
• Retention period: The restrictions remain in effect for a specified retention period (not stated in the excerpt). During this time, the property must be owner-occupied and resale/rental may be limited to income-qualified buyers or tenants.
• Subordination to prior liens: These deed restrictions are subordinate to any valid outstanding lien recorded before them. Foreclosure of such a prior lien extinguishes these restrictions, though the Bank must receive notice of any foreclosure during the retention period.
• Enforceability: The restrictions are binding on the original owner and all successors and assigns. They run with the land and are enforceable by the Federal Home Loan Bank of Dallas under Texas law.
• What this document doesn't cover: This is not a full set of community association rules. It does not cover pet limits, parking, architectural standards, or common area maintenance. Those rules, if any, would be in separate subdivision covenants or HOA documents.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.